COLOCPA
Level 2

I have a taxpayer with a foreign tax credit (FTC) carryover from 2015.  They finally have foreign income in 2022, including additional foreign taxes paid.  It is General Category Income.  The allowed FTC for 2022 is being pulled from 2022 foreign taxes and not the 2015 carryover.  My understanding is that utilization should come from the oldest first (assuming it hasn't expired yet...which it hasn't).  IRS Publication 514, page 37, confirms this position.  I cannot find a place in Lacerte to force 2022 utilization to be pulled from the oldest year first.  Any help would be greatly appreciated.  

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